The amount of Ofo’s new funding from Ant Financial was not disclosed. Just two months ago, Ofo closed a $450 million Series D that it claims raised its valuation to more than a billion dollars. That round was led by DST Global, Matrix China, CITIC, and Didi Chuxing, the largest car-hailing app in China.

Ant Financial—the maker of Alipay, China’s largest online payment platform—was already one of Ofo’s strategic partners. In March, Ofo started using Ant Financial’s credit-rating system, called Sesame Credit, to allow users with qualifying scores to rent bikes without having to make a deposit.

In its statement, Ofo says it wants to be the world’s largest bike rental platform and that it plans to work with Ant Financial to expand into new countries. TechCrunch has contacted both companies for more details.